VARPE: Russian Fishing Industry Debt Pressure Intensifies as Salmon Catch Craters
Financial pressure on Russia's fishing industry has intensified sharply in recent years, and the strain shows no sign of easing as the country's broader economic situation remains difficult.
That's according to German Zverev, president of the All-Russian Association of Fisheries Enterprises (VARPE), who told Russian media that annual loan payments made by fishing industry companies have nearly quadrupled over the past three years, while the industry's operating cash flow has grown just 1.2 times over the same period...
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